Acceptable Name for Company

Company name and acceptable company name are the two different criteria needed to be known to a person while incorporating a company. Company Act, 2013 has all rules and regulation regarding company’s name.

What is an Acceptable Name?

Under to the law an acceptable name of a Company has three main parts, name, object and constitution. Here is the illustration of the three parts company name.

Name

Companies act, 2013 defines how name of the company is unique or acceptable. Company name should not similar or same as that of existing company. Suppose a Company name is ZZZ Solutions private limited so any cannot have same or similar company name. But can be taken for different industry name like ZZZ Consultant private limited etc. Hence, Person need to be carefully choose company name.

Object

There are different forms of company that can be incorporated (Private Limited Company, One Person Company, Limited Company) according to the state and nature of business of the entity. Object mainly defines the activity of the company. Here are some illustrations of objects. In case company has similar name and object is different proposed name of the company. Company can be same object and different name and same name but need to have different object.

Constitution Part

This part defines mainly defines what type of entity name represents. Whether the company name is Private Limited Companies are represented by

Private Limited Company or Private Limited or Pvt. Ltd Company.

Limited Companies are represented by LTD Company or Limited or Limited Company.